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February 20, 2014
07:01 EDTPNRAPanera Bread revenue trends likely to accelerate through FY14, says Bernstein
After Panera reported roughly in-line Q4 results, Bernstein expects the company's to-line trends to accelerate through FY14, driven by its initiatives. The firm thinks the company's investments will constrain its margins, but set the stage for sustained long-term growth. It believes the stock's valuation looks compelling and keeps an Outperform rating on the shares.
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